There’s an old saying that people often misattribute to Albert Einstein– that ‘the definition of insanity is repeating the same thing over and over again while expecting a different result.’ The saying has become a bit of a cliché, but there is actually some truth to it. About 80 years ago, a psychologist named George Kelly became … Read more
Anyone who pays attention to global gold demand knows that China has been at the forefront of gold imports and central bank purchases for many years. To own gold bullion is something that is not only important to the Chinese government but also to Chinese citizens who have sought to buy gold bars and coins … Read more
In March of 421 BC, after years of escalating conflict, Athens and Sparta finally decided to bury the hatchet and coexist peacefully together in the Mediterranean. The two powers had been at odds for decades. Athens had ballooned into a regional empire, and Sparta itself was a rising power. The two sides came to blows … Read more
[Originally published at The Naked Hedgie’s blog] As I write these lines, the US House of Representatives speaker Nancy Pelosi is apparently en route to Taiwan in what can only be described as a calculated, gratuitous provocation of China. The “normies” will surely protest that Pelosi has the right to visit other democratical nations, bla, bla, bla. For … Read more
Back in 2007, Nancy Pelosi was quick to blame the Bush Administration for rising gas prices. In 2018, Pelosi tweeted, “The price of regular unleaded gas has climbed 20% over the last year (thanks to Republican policies), eating away at working families’ paychecks – but according to @GOPLeader, you’re #BetterOffNow.” The national average for gas … Read more
In a stunningly convenient announcement, House Speaker Nancy Pelosi has tested positive for COVID-19, thereby postponing her trip to Taiwan after China threatened retaliation for trying to turn Taiwan into the next Ukraine. Pelosi’s top staffer just tweeted that his lord and master, Pelosi, who is fully vaccinated and boosted, is asymptomatic and quarantining, chief of staff Drew Hammill tweeted. This … Read more
China has bluntly warned that it would take strong measures if U.S. House of Representatives Speaker Nancy Pelosi visited Taiwan. They have warned that such a visit would severely impact Chinese-U.S. relations. Let me make this VERY clear. The Western Keynesian Economic Model is collapsing. Schwab’s claim that “You’ll own nothing. And you’ll be happy” is not a communist sales pitch. … Read more
